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Course 2007-2008 a.y.

5114 - MACROECONOMICS


DIEM
Department of Economics

Course taught in English

Activated only for students who are part of the Bocconi-CEU agreement



Go to class group/s: 17

DIEM (8 credits - I sem. - CC)
Course Director:
ULF CHRISTIAN SODERSTROM

Classes: 17 (I sem.)
Instructors:
Class 17: ULF CHRISTIAN SODERSTROM


Course Objectives

The aim of this course is to provide an integrated view of Macroeconomics in both closed and open economies, and to provide the student with tools to understand and analyze past and current macroeconomic events. Particular focus is given to the role of economic policy (fiscal and monetary).


Course Content Summary
  • Introduction
    • Macroeconomic aggregates: GDP, inflation, unemployment
    • The national accounts
  • The short run
    • The goods market
    • Financial markets
    • Short-run equilibrium: the IS-LM model
  • The medium run
    • The labor market
    • Medium-run equilibrium: the AS-AD model
    • Output, unemployment and inflation
  • The long run: Economic growth
    • Saving and capital accumulation
    • Technological progress
  • Expectations
    • Expectations and financial markets
    • Expectations, consumption and investment
    • Expectations and policy
  • The open economy
    • Output, the interest rate and the exchange rate: the Mundell-Fleming  model
    • Exchange rate regimes
  • Macroeconomic policy: a summary
    • Credibility
    • Monetary Policy
    • Fiscal Policy

Detailed Description of Assessment Methods

The exam will be in written form.  Students may take the exam either in two parts: a 1st partial exam and a 2nd partial exam, or as one general exam at the end of the course.


Textbooks
  • O. BLANCHARD, Macroeconomics, Prentice-Hall, 2006, 4th ed.
  • Additional material (e.g. newspapers articles) may be provided during the course.

For further and continuously updated information consult the IEP web site or contact S.I.D. - Servizio Informazioni Didattica - Institute of Economics - via Gobbi, 5 - Room 313.  

Last change 15/03/2007 20:51